[SCAM Alert] Cobinhood

[SCAM Alert] Cobinhood Exchange Review

Centralized

[SCAM Alert] Cobinhood Overview

  • UPDATE: May 20, 2019 - Cobinhood has performed an exit scam, filing for bankruptcy and stealing the money of their investors. Cointelligence updated their score from 6 to zero and flagged them as a scam.

    Cobinhood was a cryptocurrency exchange / digital asset platform with its own platform, and utility token, named Cobinhood (Ticker symbol: COB). A Cobinhood exchange review revealed that COB token is based on the ERC20 token standard and had a total supply of 1 billion tokens.

    The Cobinhood website was available in various languages, including English. A Cobinhood exchange review also reveals that they rewarded both referrers and referrals in the form of “Candy Machine” tickets. The tickets could be used at Cobinhood’s “Candy Machine” to win free BTC, ETH and other digital assets/cryptocurrencies. Offers like this drew users in before the exchange performed their exit scam.

    [SCAM Alert] Cobinhood Exchange Review, Trading Fees, Deposit and Markets

    • 24h Trading Volume

      0.072 BTC

      • [SCAM Alert] Cobinhood Total Trading Pairs

        2

        • [SCAM Alert] Cobinhood Margin Trading

          Yes

          • [SCAM Alert] Cobinhood Deposit Fees

            Free

            • [SCAM Alert] Cobinhood Trading Fees

              0%

              • [SCAM Alert] Cobinhood Fiat Deposit

                No

                • Accepted Payment Methods

                  Crypto To FIAT Only

                  • [SCAM Alert] Cobinhood Native Token

                    Yes

                    • Native Token Smart Contract

                      N/A

                      • [SCAM Alert] Cobinhood Trading Markets
                        • [SCAM Alert] Cobinhood Stablecoins Trading

                          [SCAM Alert] Cobinhood Markets Data

                          Market Price Volume (24h) Change (24h) Last update
                          BTC/USDT ₮ 11,460.0 Ƀ 0

                          ₮ 0.0

                          0.00%

                          2019-09-22 14:47:49
                          ETH/USDT ₮ 197.00 Ξ 0

                          ₮ 0.0

                          0.00%

                          2019-09-17 05:35:30

                          [SCAM Alert] Cobinhood Withdrawals

                          • Daily Withdrawal Limit

                            depends on Verification

                            • [SCAM Alert] Cobinhood Withdrawal Fees

                              BTC - 0.001 BTC ETH - 0.007 ETH Full list of fees can be found here

                              • [SCAM Alert] Cobinhood Withdrawal Fees Discount

                                N/A

                                • Proof of Reserves

                                  N/A

                                  [SCAM Alert] Cobinhood Exchange Rating Analysis

                                  Last edit 09.06.2020

                                  • UPDATE: Cobinhood has performed an exit scam, fleeing with its investors' money. This rating was conducted prior to the incident and portrays the picture at the time of rating. We updated its score to zero (previously 6) and flagged it as a scam.

                                    Cobinhood is a Cayman Islands-based Cryptocurrency exchange, with headquarters in Taiwan. The exchange's main benefit is its zero trading fees (similar to the stock market app Robinhood), alongside other services such as an ICO platform and margin trading.

                                    Cobinhood is fairly easy to use, on par with similar cryptocurrency exchanges of its magnitude, and the site is accessible. In relation to big cryptocurrency exchanges such as Binance or Huobi, Cobinhood doesn't manage to attract much volume (hovering around $80K daily as of this writing) partly due to the reason it does not list a large amount of coins - 36, to be exact. There is also an option to trade cryptocurrencies against USD on Cobinhood, although the option is only accessible to those who have underwent extensive KYC and the daily trading volume on fiat pairs amounts to almost zero.

                                    The risk factor of entrusting funds with Cobinhood is hard to be determined, as while there are many roadblocks on the way to access funds - including email verification and 2FA, it is hard to assess the level of threat management the internal Cobinhood team is capable of doing, and we have not determined if there is a dedicated security expert on the team. To conclude, Cobinhood is a medium-sized exchange with many traders drawn to its zero-fees, but not enough coin listings and volume to justify becoming a major player. The exchange also displays some amount of risk to those who prefer to keep their funds on the exchange.

                                    [SCAM Alert] Cobinhood IEO launchpad

                                    IEO Start date End date Fundraising
                                    DEXON

                                    DEXON

                                    Mar 27, 2019 - Apr 03, 2019 N/A

                                    [SCAM Alert] Cobinhood Exchange Additional Information